Monetary Policy Committee holds base rate at 5.75%

Sept. 6, 2007
The industry has reacted positively to news that the Bank of England’s Monetary Policy Committee has decided to maintain interest rates at 5.75%. Robert Bryant-Pearson, chief executive of Allied Surveyors said: "Today’s decision to hold interest rates at 5.75% makes perfect sense. The previous five interest rate rises have clearly impacted on the housing market. "I am pleased that the …

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